Founder led capital for founder led companies.

Active Capital is a venture firm focused on leading seed rounds for B2B SaaS companies.

About Us

We are founders and operators investing in today's entrepreneurs.

Active Capital is the culmination of our life's work. As founders, we've built companies and cultures worth millions and billions. As investors, we've helped dozens of founders build great businesses with amazing potential. And as friends, we've had a lot of fun along the way.

We've designed Active Capital to lead seed rounds for traction-stage SaaS companies. We are based in Texas but will invest in founders across the US. We prefer companies that can get to market with very little capital and we believe we can best help founders once they start to grow.

Meet The Team

We met at Rackspace and have been working together ever since.


Pat Matthews

Pat Matthews

Founder & Managing Director

LinkedIn AngelList

Co-founder, Webmail.us. Grew to $10M in sales and sold to Rackspace in 2007. Six year Racker. Dozens of startup investments. Father of one.

Cat Dizon

Cat Dizon

Partner & COO

LinkedIn AngelList

Operations leader, Rackspace. M&A operative focused on due diligence, post-merger integration, and growth businesses. Mother of one.

Pat Condon

Pat Condon

Partner & Board Director

LinkedIn AngelList

Co-founder, Rackspace. $2B in sales. IPO in 2008, $5B exit in 2016. Investor in Webmail.us, Freshbooks, Tenfold, and others. Father of four.

Investment Characteristics

These are the characteristics we look for in our investments.


Founder Led Companies

Founders with the ability and humility to learn, grow, and lead.

B2B Software

Software companies solving real problems for businesses.

Product 1.0

Early products that launch successfully with very little capital.

Recurring Revenue

Businesses with recurring revenue that's small, but growing fast.

Seed Stage

Companies raising a seed round for growth and expansion.

Emerging Tech Trends

...and how they merge into SaaS to create great outcomes.


Our Investments

Active Capital is designed to lead seed rounds for B2B SaaS companies. ilos is our first lead investment.


ilos logo

About ilos

ilos was founded with the desire to put the power of video into the hands of organizations to be more productive and communicate with clarity. We believe video revolutionizes the way organizations create and share information.

Prior Investments

Prior to Active Capital, we invested in dozens of companies across a wide variety of industries.


Tenfold
Freshbooks
testlio
Chartio
OwnLocal
cratejoy
Merge
Promoter
Encoding
Parlevel
Pingboard
Favor
Hooked
cloudability
keen
TrueAbility
gravitational
scale
cloud66
DataRobot
Redbooth

Experiment Engine

Acquired by Optimizely

AdEspresso

Acquired by Hootsuite

khu.sh

Acquired by Smule

Zing Checkout

Acquired by BigCommerce

frederick

Acquired by Booker